$6.5bn of expected write-downs may hurt year-end bonuses.
Brokers at ICAP and RP Martin Holdings agreed to help Tom Hayes rig Libor from the moment he started trading derivatives at UBS, prosecutors said.
On the heels of the seventh anniversary of the Troubled Asset Relief Program (TARP), Wall Street's bailout for the 2008 financial crisis, a new campaign called Whistleblower Wall Street is encouraging bank employees to take action against illegal financial activity.
Deutsche Bank has warned it will lose more than €6bn (£4.4bn) in the third quarter in a record loss.
Citigroup has appointed Usman Ahmed as the chief executive of its Bahrain business as well as its Islamic investment banking division, the said on Tuesday.
The ex-head of trading at Deutsche Bank's Russian operation, Tim Wiswell, has filed a suit against his former employer for wrongful dismissal, his lawyer said on Wednesday.
August was the cruellest month for hedge funds, which suffered their steepest losses since the financial crisis, according to new figures.
The Bank of England's rate-setting committee voted 8-1 to keep interest rates at their record low for another month in October, as a rate rise before mid-2016 looks increasingly less likely.
BlackRock, the world’s biggest money manager, is proposing changes that would enable large, longtime shareholders in the company to nominate their own directors.
JPMorgan says its felony plea for market rigging shouldn’t bar it from owning part of LightSquared, a satellite company emerging from bankruptcy and trying again to set up a mobile broadband service.
A Goldman Sachs banker who is said to have forged close links with a Libyan investment fund set up during the Gaddafi era feared for his life when it emerged that trades the bank had executed for the fund had turned sour, according to evidence provided to the high court.
Convicted rogue trader Jerome Kerviel got to play French judges a covert recording he hopes will unravel years of claims that he was solely responsible for Societe Generale’s $5.5bn trading loss nearly a decade ago.
Citigroup has said David Cohen, head of flow-credit trading in its European region, is leaving the bank after six years.